Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 19.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 965,744 shares of the company’s stock after acquiring an additional 156,832 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $30,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Harvest Fund Management Co. Ltd raised its position in shares of Keurig Dr Pepper by 84.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 12,698 shares of the company’s stock valued at $401,000 after buying an additional 5,803 shares during the last quarter. Schechter Investment Advisors LLC raised its position in shares of Keurig Dr Pepper by 52.9% in the third quarter. Schechter Investment Advisors LLC now owns 20,898 shares of the company’s stock valued at $660,000 after buying an additional 7,227 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Keurig Dr Pepper by 10.6% in the third quarter. Illinois Municipal Retirement Fund now owns 422,466 shares of the company’s stock valued at $13,337,000 after buying an additional 40,620 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Keurig Dr Pepper by 1.1% in the third quarter. Retirement Systems of Alabama now owns 3,317,276 shares of the company’s stock valued at $104,726,000 after buying an additional 36,046 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Keurig Dr Pepper by 0.6% in the third quarter. Assenagon Asset Management S.A. now owns 91,407 shares of the company’s stock valued at $2,886,000 after buying an additional 512 shares during the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.80 on Wednesday. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $36.23. The stock has a market cap of $44.47 billion, a PE ratio of 23.04, a P/E/G ratio of 2.50 and a beta of 0.68. The firm has a 50-day simple moving average of $32.27 and a two-hundred day simple moving average of $32.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.39 and a quick ratio of 0.23.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, January 4th. Keurig Dr Pepper’s dividend payout ratio is presently 62.32%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 16,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.07, for a total transaction of $497,120.00. Following the completion of the sale, the insider now directly owns 800 shares in the company, valued at $24,856. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Keurig Dr Pepper news, COO Timothy P. Cofer acquired 50,000 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average price of $31.26 per share, with a total value of $1,563,000.00. Following the completion of the purchase, the chief operating officer now owns 350,393 shares in the company, valued at approximately $10,953,285.18. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew Andrew Archambault sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.07, for a total transaction of $497,120.00. Following the completion of the transaction, the insider now directly owns 800 shares of the company’s stock, valued at approximately $24,856. The disclosure for this sale can be found here. Insiders purchased a total of 71,000 shares of company stock worth $2,225,220 over the last three months. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Jefferies Financial Group started coverage on shares of Keurig Dr Pepper in a research report on Monday, November 13th. They issued a “buy” rating and a $39.00 target price for the company. HSBC started coverage on shares of Keurig Dr Pepper in a research report on Friday, December 22nd. They set a “hold” rating and a $37.00 price objective for the company. Morgan Stanley cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research report on Wednesday, January 3rd. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

View Our Latest Stock Report on KDP

Keurig Dr Pepper Company Profile

(Free Report)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

Further Reading

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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